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FINANCE

German stock index hits record high

The German stock market reached an all-time high on Monday. With 8626.11 points the blue-chip stock market index, the DAX, passed its previous high recorded in May this year.

German stock index hits record high
Photo: DPA

Stocks were up 1.3 percent from Friday and in midday trading passed the previous high of 8557 setting a record for the DAX’s 25-year history.

Analysts said the surge was prompted by former US Treasury secretary Larry Summers withdrawing his name to be the next chair of the US Federal Reserve.

It fuelled hopes of a continuation of a loose monetary policy in America, Daniel Saurenz from Feingold Research said.

Germany’s MDAX of small and medium sized businesses also soared along with stocks in Europe and Asia. The MDAX was up 1.23 percent at 15,023 points, short of its highest ever mark of 15,034.88.

DPA/The Local/tsb

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Emergency numbers fail in several German states

Callers to the emergency numbers 110 and 112 weren’t able to reach operators Thursday morning in several German states.

The 112 emergency number on an ambulance.
The 112 emergency number on an ambulance. Photo: picture alliance/dpa | Boris Roessler

The emergency number 110 for police and 112 for fire crews failed around the country early Thursday morning, with callers unable to reach emergency operators for urgent assistance between about 4:30 am and 5:40 am local time.

The Office for Civil Protection and Disaster Aid is looking into these outages, which were reported in states including Lower Saxony, Baden-Württemberg, and  Brandenburg, and in major cities like Berlin, Cologne, Hamburg, and Frankfurt. Cologne was further affected by cuts to electricity, drinking water, and regular telephone services. Lower Saxony also saw disruptions to the internal phone networks of police and hospitals.

Emergency services are not reporting any more disturbances and people should be able to once again reach 110 and 112 around the country as normal.

Investigators are looking into the problem, but haven’t yet established a cause or any consequences that may have happened due to the outage. Provider Deutsche Telekom says they have ruled out the possibility of an attack by hackers.

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